AICI Capital Trust 9% Pfd (fka AICPQ)

[mrholty]

We are. It was supposed to be out there on November 15 and wasn't out there on the 17th. I did pull it and have sent a copy to EI and Chevy. There is no material changes from prior info which is not surprising.

With a trustee managing this thing I would doubt there would be any actuarial adjustments made mid-year as its probably not worth the time and cost mid-year. Looking forward to the YE report to see if we have any reserve relases which should free up some cash. We are now at 11 years since they wrote policies so you would hope lots of this could be closed.

My expectation is that nothing can move forward until there is settlement at hopefully a discount with regards to Granite. Once that happens I would expect that they would sell the remaining book to someone else @ a discount. Unfortunately I think that nothing happens here materially until Granite is resolved.